Bloomberg Russian police detained opposition leader Alexey Navalny, an outspoken critic of President Vladimir Putin, as he arrived in Moscow after being treated in Germany for poisoning, drawing immediate criticism from the US and Europe. Navalny, 44, was met by officers at passport control as he landed in Moscow on a plane from Berlin, according to a live video feed ...
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South Korea seeks early Biden summit to revive talks with Kim
Bloomberg South Korea’s Moon Jae-in said he would push for an early summit with US President-elect Joe Biden to revive nuclear talks stalled for much of the past two years. The South Korean president told his annual new year’s news conference Monday that he wanted to work with the incoming US administration to “reaffirm our consensus on the peace process ...
Read More »Tunisian police arrest hundreds of protesters as PM plans new cabinet
Bloomberg Tunisian police arrested hundreds of people during several nights of unrest over growing economic hardships and political paralysis a decade after the protests that ignited the Arab Spring uprisings. The army has deployed troops in several cities, including the capital, to halt the looting of shops and banks and attacks on public buildings. Defying a curfew imposed to contain ...
Read More »Italy’s PM may lack votes to halt political turmoil
Bloomberg Italian Prime Minister Giuseppe Conte risks emerging weakened from a parliamentary showdown this week even if he can muster enough votes to hold on to power. Conte faces a confidence vote in the lower house of parliament, which he’s likely to win, but he could face a similar vote in the Senate on Tuesday, where he has less room ...
Read More »Philippine banks’ rebound to beat revival from Asian crisis
Bloomberg Philippine banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to record-low interest rates, higher capital and a stable economy, the head of the nation’s bankers group said. Lenders in the Southeast Asian nation may bounce back in three to four years — about half the time it ...
Read More »RBI signal on higher money-market rates worries bond traders
Bloomberg Bond traders in India are bracing for more turmoil as the central bank signals its intention to keep lifting money-market rates. The Reserve Bank of India (RBI) offered a cutoff yield of 3.55% for a cash-draining operation, higher than traders had expected and a full 20 basis points above the lower boundary of its interest-rate corridor. “Future operations may ...
Read More »HDFC Bank shares climb in Q3 after profit tops estimates
Bloomberg HDFC Bank Ltd., India’s largest private lender by assets, posted third-quarter profit that beat analyst expectations after earnings were buoyed by strong loan growth. Shares jumped. Net income was 87.6 billion rupees ($1.2 billion) in the three months through December compared with 74.2 billion rupees a year earlier, exchange filings showed. That beat the average estimate of 76.4 billion ...
Read More »BOJ likely to hint at skipping of ETF buys
Bloomberg The Bank of Japan’s (BOJ) upcoming policy assessment is likely to signal a pause in the bank’s buying of exchange-traded funds (ETFs) as long as stocks stay buoyant, according to a key author of the BOJ’s ramped up asset-purchase plan to fight the pandemic. “The BOJ is likely to make a more comprehensive judgment on the amount and frequency ...
Read More »StanChart prepares to slash hundreds of jobs
Bloomberg Standard Chartered Plc is preparing further job cuts as the emerging markets lender continues a restructuring that was postponed by the onset of the pandemic. The London-headquartered bank is expected to cut several hundred staff next month across its global businesses, with the reductions focused on more junior employees, according to people familiar with the matter. The bank has ...
Read More »Vexed central banks brace for more damage to growth
Bloomberg Resurgent coronavirus outbreaks will vex central bankers on five continents this week as they weigh the threat of more damage to growth against the hope that mass vaccinations will reopen economies. Institutions meeting from Tokyo to Frankfurt to Ottawa are pondering the prospect of another lost quarter amid renewed lockdowns to contain the pandemic. Most are likely to maintain ...
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